Embraer (BSP:EMBJ3) PB Ratio: 3.41 (As of Jul. 15, 2026) — 241% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:EMBJ3 Embraer SA BSP:EMBJ3
51 GF Score
Price R$82.49
GF Value R$75.81
Valuation Fairly Valued
! 3 Warning Signs
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What is Embraer PB Ratio?

Embraer BSP:EMBJ3 -0.63% 51 PB Ratio is 3.41 as of Jul. 15, 2026, which is 241% above its 10-year median of 1.00. GuruFocus rates BSP:EMBJ3 with a GF Score™ of 51/100 and a GF Value™ of R$75.81 (Fairly Valued). The stock has 3 warning signs investors should review. Among 341 Aerospace & Defense companies, Embraer ranks better than 53.08% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-15), Embraer's share price is R$82.49. Embraer's Book Value per Share for the quarter that ended in Mar. 2026 was R$24.19. Hence, Embraer's PB Ratio of today is 3.41.

The historical rank and industry rank for Embraer's PB Ratio or its related term are showing as below:

BSP:EMBJ3' s PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 1   Max: 4
Current: 3.41

During the past 13 years, Embraer's highest PB Ratio was 4.00. The lowest was 0.29. And the median was 1.00.

BSP:EMBJ3's PB Ratio is ranked better than
53.08% of 341 companies
in the Aerospace & Defense industry
Industry Median: 3.61 vs BSP:EMBJ3: 3.41

During the past 12 months, Embraer's average Book Value Per Share Growth Rate was -3.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Embraer was 36.30% per year. The lowest was -2.20% per year. And the median was 7.50% per year.

Back to Basics: PB Ratio


Embraer  (BSP:EMBJ3) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Embraer PB Ratio Related Terms


Embraer PB Ratio Historical Data

* Premium members only.

The historical data trend for Embraer's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Embraer PB Ratio Chart

Embraer Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.22 0.78 1.20 2.20 3.41

Embraer Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.63 3.06 2.95 3.41 3.18

BSP:EMBJ3 vs SPCX, GE, RTX: PB Ratio Comparison

For the Aerospace & Defense subindustry, Embraer's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Embraer PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Embraer's PB Ratio distribution charts can be found below:

* The bar in red indicates where Embraer's PB Ratio falls into.


BSP:EMBJ3
51GF Score
Embraer SA BSP:EMBJ3
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Embraer PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Embraer's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=82.49/24.194
=3.41

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 3.41 mean?
Embraer (BSP:EMBJ3) has a PB Ratio of 3.41 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Embraer and its competitors. This is 241% above median its historical median of 1.00. Over the past decade, Embraer's PB Ratio has ranged from 0.29 to 4.00. According to the industry distribution chart, Embraer ranks #160 out of 341 companies in the Aerospace & Defense industry, placing it in the top 46.9%.
Is Embraer's PB Ratio too high?
Embraer's current PB Ratio of 3.41 is 241% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 4.00. The Aerospace & Defense industry median PB Ratio is 3.61. Embraer's value of 3.41 is 5.5% below this industry median. Based on the distribution chart, Embraer ranks #160 out of 341 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Embraer has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Embraer's PB Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Embraer ranks #160 out of 341 companies for PB Ratio. This puts Embraer in the upper half of its industry. The industry median PB Ratio is 3.61. Embraer's value of 3.41 is 5.5% below this benchmark. Historically, Embraer's own PB Ratio has ranged from 0.29 to 4.00 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 3.61, Embraer has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Aerospace & Defense company?
The median PB Ratio among Aerospace & Defense companies is 3.61, based on 341 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Embraer's current PB Ratio of 3.41 is 5.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Embraer and its competitors. For the Aerospace & Defense industry, the median PB Ratio is 3.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Embraer's current PB Ratio is 3.41, which is 241% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Embraer stock overvalued right now?
Based on GuruFocus' analysis, Embraer (BSP:EMBJ3) is currently considered Fairly Valued. The stock's GF Value™ is R$75.81, compared to a current price of R$82.49 — trading 8.8% above its estimated fair value. The current PB Ratio is 3.41, which is 241% above median its 10-year median of 1.00 and 5.5% below the Aerospace & Defense industry median of 3.61. Embraer's overall GF Score™ is 51/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Embraer (BSP:EMBJ3), the current PB Ratio is 3.41 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Embraer (BSP:EMBJ3) Overvalued in 2026?

Based on GuruFocus' analysis, Embraer stock appears to be overvalued. The current stock price of R$82.49 is trading 8.8% above its estimated GF Value™ of R$75.81. GuruFocus considers Embraer to be Fairly Valued.

Key valuation signals for BSP:EMBJ3:

  • PB Ratio: 3.41 (241% above median its 10-year median of 1.00)
  • GF Value™: R$75.81 vs. price of R$82.49 (8.8% above fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 5.5% below the Aerospace & Defense median (#160 of 341)

No single metric tells the full story. See the BSP:EMBJ3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Embraer Business Description

Address Avenida Dra. Ruth Cardoso, 8501, 30th Floor, Eldorado Business Tower, Pinheiros, SP, BRA, 05425-070
Embraer SA based in Sao Paulo, Brazil, manufacturer of jets. Its focus is to achieve customer satisfaction with and services addressing the commercial airline, executive jets, and defense and security markets. It has developed a customer-centric technology-driven portfolio of commercial aviation products and services that allows it to build long-term relationships with clients in the commercial aviation, executive jets, and defense and security markets. It operates through the various segments namely Commercial Aviation, Defense and Security, Executive Aviation, Service and Support, and Other Segments. The company generates maximum revenue from the Commercial Aviation segment. Geographically, the company operates in Brazil, Europe, Asia Pacific, North America, and Others.
51GF Score

Get the complete analysis for BSP:EMBJ3

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$82.49
Price
R$75.81
GF Value